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New Delhi [India], Feb 26 (ANI-NewsVoir): At the UP Investor's Summit 2018, the Government of Uttar Pradesh (GoUP) has signed a Memorandum of Understanding (MoU) with World Trade Center (WTC) Noida to build a Mobile Open Exchange Zone (MOX) around Tech Zone, Greater Noida (TZGN).
As per the MoU, TZGN shall act as a nucleus for MOX to bring the advantage of growth in the mobile and allied sector to the state.
Mobile Open Exchange Zone (MOX) is a focused mobile ecosystem that is built on three pillars, i.e. infrastructure, hardware and software, addressing the challenges faced by technology companies through access to skilled human resources and enabling synergies.
For the establishment of aforesaid project, GoUP would facilitate to obtain necessary permission, registrations, approvals, clearances, etc. as per the existing facilities, rules and regulations of the state government and would also help to avail incentives under various schemes announced by State/Central Government, wherever applicable.
As per MOTT MacDonald report by 2020, India will be the 2nd largest smart phone market, with 130 billion India's total mobile sector value which will be 8.2 percent of GDP's contribution to Indian economy.
So, MOX@Techzone is slated to transform into a focused mobile ecosystem harboring infrastructure service providers, retailers, distributors, handset manufacturers, mobile content, application development and service providers.